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United Kingdom vs Venezuela: tax rates compared
United Kingdom's income tax rate is 11pp higher than Venezuela's (45% vs 34%). The 200-country average is 28%: both sit above it. United Kingdom's figure is dated 2025-01-01 and Venezuela's 2026-01-12, so the two rates come from different data vintages.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | GB | VE | Difference |
|---|---|---|---|
| Income Tax | 45% | 34% | GB +11 pp |
| Corporate Tax | 25% | 34% | VE +9 pp |
| VAT | 20% | 16% | GB +4 pp |
| Capital Gains Tax | 24% | 1% | GB +23 pplargest gap |
| Wealth Tax | 0% | 0.3% | VE +0.3 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| United Kingdom | 45% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Venezuela | 34% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Taxes on personal income) · as of 2026-01-12 |
| Difference | +11 pp | United Kingdom higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| United Kingdom | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Venezuela | 34% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −9 pp | Venezuela higher |
Venezuela's corporate tax rate is 9pp higher than United Kingdom's (34% vs 25%). The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| United Kingdom | 20% | Source: PWC Worldwide Tax Summaries — United Kingdom (Corporate, Other taxes) · as of 2025-12-24 |
| Venezuela | 16% | Source: PWC Worldwide Tax Summaries — Venezuela (Corporate, Other taxes) · as of 2026-01-12 |
| Difference | +4 pp | United Kingdom higher |
United Kingdom's VAT rate is 4pp higher than Venezuela's (20% vs 16%). The 181-country average is 15%: both sit above it. United Kingdom's figure is dated 2025-12-24 and Venezuela's 2026-01-12, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| United Kingdom | 24% | Source: GOV.UK (HMRC) — Capital Gains Tax: rates · as of 2024-10-30 |
| Venezuela | 1% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Income determination) · as of 2026-01-12 |
| Difference | +23 pp | United Kingdom higher |
United Kingdom's capital gains tax rate is 23pp higher than Venezuela's (24% vs 1%). The 175-country average is 10.3%: United Kingdom sits above it, Venezuela sits below it. United Kingdom's figure is dated 2024-10-30 and Venezuela's 2026-01-12, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| United Kingdom | 0% | Source: PWC Worldwide Tax Summaries — United Kingdom (Individual, Other taxes) · as of 2025-12-24 |
| Venezuela | 0.3% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Other taxes) · as of 2026-01-12 |
| Difference | −0.3 pp | Venezuela higher |
Venezuela's wealth tax rate is 0.3pp higher than United Kingdom's (0.3% vs 0%). The 193-country average is 0.1%: United Kingdom sits below it, Venezuela sits above it. United Kingdom's figure is dated 2025-12-24 and Venezuela's 2026-01-12, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax.